Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Cholamandalam Investment and Finance Company Ltd Q1 PAT jumps to Rs. 207 crores

Posted On: 2017-07-27 20:18:36


The Board of Directors of Cholamandalam Investment and Finance Company Limited today approved its un-audited Financial Results for the first quarter ended 30th June 2017.

- Profit after tax for Q1 FY18 - Rs. 207 Cr - growth of 25% over Q1 FY17.
- Q1 FY18 profit before tax is - Rs. 318 Cr - growth of 25% over Q1 FY17.
- Managed closing assets is Rs. 36,079 Cr - growth of 14% over Q1 of FY17.
- Net Interest Margin (NIM) was at 8% as compared to 7.1% in Q1 FY17.
- Gross NPA and NNPA (on 3 months' overdue basis) is at 4.7% and 3.2% respectively - the same levels as last quarter.

We disbursed Rs. 3,819 Cr in our Vehicle Finance business as against Rs. 3,326 Cr. in Q1 of FY17, recording a growth of 15%. Home Equity disbursements were at Rs. 740 Cr in Q1 FY18 as against Rs. 991 Cr in Q1 FY17. Chola's aggregate disbursements for the quarter were Rs. 4,853 Cr as against Rs. 4,561 Cr in Q1 of FY17.

Chola's Net Interest Margin (NIM) was 8.0% for the quarter, compared to 7.1% in the same quarter of last year.

We continue our enhanced focus on collections. The company was able to ride out the traditionally difficult first quarter, by restricting the GNPA at 4.7% (at 3 months' overdue) and NNPA at 3.2% and maintaining the same levels as of March FY17.

Chola's PBT-ROTA for Q1 FY18 improved to 4.4% as against 3.8% in Q1 FY17.

The capital adequacy ratio (CAR) of the company was at 19.37% as against the regulatory requirement of 15% with Tier I capital at 14.27% and Tier II capital at 5.10%.

The subsidiaries Cholamandalam Securities Limited (CSEC), Cholamandalam Distribution Services Limited (CDSL) and White Data Systems India Private Limited (WDSI) together made a profit before tax of Rs. 1.04 Cr in Q1 FY18, as against Rs. 2.05 Cr in the same quarter last year.

The consolidated profit after tax for Q1 is Rs. 207 Cr. as against Rs. 167 Cr. in Q1 of FY17, registering a growth of 24%.

Shares of Cholamandalam Investment and Finance Company Ltd was last trading in BSE at Rs.1175.45 as compared to the previous close of Rs. 1144.65. The total number of shares traded during the day was 65641 in over 4408 trades.

The stock hit an intraday high of Rs. 1212.95 and intraday low of 1154.3. The net turnover during the day was Rs. 77591717.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

CESC Ltd arm increases stake in Noida Power Company Ltd to 72.73%

Indus Towers Ltd board to consider Q3FY21, 9MFY21 results on Jan 28, 2021

Metropolis Healthcare to acquire Hitech Diagnostic Centre to strengthen its leadership position in South India

Oberoi Realty Limited board to announce Q3 results on Jan 22, 2021

PG Electroplast Ltd board to consider Q3FY21 results on Jan 25, 2021

TGV Sraac Ltd board to approve 3rd quarter results on Jan 25, 2021

Natural Capsules Ltd board to announce third quarter results on Jan 25, 2021

India Grid Trust board to consider distribution, financial information on Jan 22, 2021

High Energy Batteries India Ltd board to approve quarterly results on Feb 6, 2021

Security and Intelligence Services (India) Ltd board to consider Q3FY21, 9MFY21 results on Feb 3, 2021

Stylam Industries Limited board to announce third quarter results on Jan 25, 2021

Phillips Carbon Black Ltd board to approve interim dividend on Jan 20, 2021

Shriram City Union Finance Ltd board to consider 3rd quarter results on Jan 29, 2021

Shreyans Industries Ltd board to approve quarterly results on Feb 11, 2021

Firstsource Solutions Ltd board to announce Q3FY21 results on Feb 9, 2021

3i Infotech Ltd board to consider Q3 results on Jan 28, 2021

HDFC Bank's Net NPA at 0.09%

HDB Financial Services Limited reports loss of Rs. 44.3 crore in Q3FY21

HDFC Bank increases distribution network YoY

HDFC Bank's balance sheet size grows 18.6% YoY

HDFC Securities Limited posts PAT of Rs. 166.6 crore in Q3FY21

HDFC Bank's Capital Adequacy Ratio was at 18.9% as of Dec 31, 2020

Parmax Pharma Limited approves preferential issue

Rossari Biotech Ltd board to approve quarterly results on Jan 23, 2021

Aditya Vision Limited opens 57th showroom

JBM Auto Limited receives orders for supply of 700 JBM CITYLIFE buses

Gujarat Hotels Ltd posts net profit of Rs. 0.58 crore in Q3FY21

Sacheta Metals Ltd Q3FY21 net profit at Rs. 0.89 crore

HDFC Bank Ltd Q3FY21 consolidated PAT climbs to Rs. 8769.33 crores

Star Cement Limited commences commercial production of new grinding unit

Chembond Chemicals Ltd Q3FY21 consolidated PAT zooms to Rs. 8.44 crore

Apollo Pipes Ltd reports net profit of Rs. 16.33 crores in Q3 FY2020-21

Apollo Hospitals begins vaccinating healthcare workers

International Travel House Ltd Q3FY21 loss at Rs. 10.69 crore

GE T&D India Limited to sell its GLobal Engineering Operations Division

IRB InvIT Fund to distribute Rs. 2.50 per unit for Q3 FY21

Smruthi Organics Ltd board recommends 2:1 bonus shares

Smruthi Organics Ltd Q3FY21 net profit drops QoQ to Rs. 5.10 crore

SpiceJet to connect Delhi with Sikkim with a daily non-stop flight

Indian Railway Finance Corporation Ltd raised Rs 1398.63 crores from 31 anchor investors ahead of its public issue

CRISIL A1+ rating reaffirmed to PNB Gilts Ltd's Rs. 1000 commercial paper programme

Pudumjee Paper Products Ltd board to announce Q3 results on Jan 23, 2021

SML ISUZU Ltd board to consider Q3FY21 results on Feb 5, 2021

Indian Energy Exchange Ltd board to consider interim dividend on Jan 21, 2021

LIC Housing Finance Ltd board to announce 3rd quarter results on Jan 29, 2021

CARE Ratings Ltd board to consider dividend, Q3 results on Feb 6, 2021

The Dharamsi Morarji Chemical Company Limited board to approve third quarter results on Feb 8, 2021

IDBI Bank Ltd board to announce 3rd quarter results on Jan 28, 2021

Reliance Industries Ltd board to consider Q3FY21, 9MFY21 results on Jan 22, 2021

Tata Consumer Products Ltd board to announce Q3FY21 results on Feb 2, 2021



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020